Vestcor Inc Cuts Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Vestcor Inc trimmed its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,255 shares of the shipping company’s stock after selling 12,107 shares during the quarter. Vestcor Inc’s holdings in Dorian LPG were worth $6,416,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Beacon Capital Management LLC increased its holdings in shares of Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 428 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Dorian LPG during the 4th quarter valued at approximately $37,000. KBC Group NV grew its stake in Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after acquiring an additional 951 shares during the period. GAMMA Investing LLC grew its stake in Dorian LPG by 146.2% in the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after acquiring an additional 1,303 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Dorian LPG in the 4th quarter valued at $135,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Trading Up 2.9 %

Shares of LPG opened at $20.94 on Thursday. Dorian LPG Ltd. has a 52-week low of $19.36 and a 52-week high of $51.66. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $23.35 and its two-hundred day moving average is $27.70. The stock has a market cap of $896.27 million, a PE ratio of 5.33 and a beta of 0.87.

Dorian LPG (NYSE:LPG) last announced its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same quarter in the previous year, the firm posted $2.62 EPS. Research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 5th. Dorian LPG’s dividend payout ratio (DPR) is presently 25.45%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LPG shares. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price target on shares of Dorian LPG in a research note on Friday, January 31st. Pareto Securities raised shares of Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.